Kirby Corp. (KEX) Tops Q3 EPS by 4c, Offers Q4 Guidance

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Go back to Kirby Corp. (KEX) Tops Q3 EPS by 4c, Offers Q4 Guidance

Kirby Corporation Announces 2016 Third Quarter Results

October 26, 2016 5:00 PM EDT

HOUSTON, Oct. 26, 2016 /PRNewswire/ -- Kirby Corporation ("Kirby") (NYSE: KEX) today announced net earnings attributable to Kirby for the third quarter ended September 30, 2016 of $32.0 million, or $0.59 per share, compared with $56.8 million, or $1.04 per share, for the 2015 third quarter.  Consolidated revenues for the 2016 third quarter were $434.7 million compared with $532.6 million reported for the 2015 third quarter.

David Grzebinski, Kirby's President and Chief Executive Officer, commented, "Our results in the third quarter reflected trends across our markets that were largely as expected.  In our inland marine transportation market, barge utilization was... More